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Rate-Cut Expectations Linger

Updated Sept. 28, 1998 6:15 a.m. ET

SINGAPORE -- Shares closed mixed Monday, supported by wide expectations that the U.S. will make a significant cut in interest rates.

The Straits Times Index rose 6.61 to 930.55, while the broader DBS-50 Index of stocks from different sectors climbed 2.38 to 321.87. Total market volume was 122 million units valued at 153.1 million Singapore dollars. Decliners edged out advancers 99 to 89, while 232 shares closed unchanged.